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10 Sep, 6 tweets, 4 min read
@realmoney @stoolpresidente
Shtick 10
Trading Knowledge 0
Sep 10, 2020 | 04:47 PM EDT DOUG KASS
Stocks Are as Easy as Alphabet Soup... Right.
Can you pick letters out of a bag and read them? Then you can play the stock market...
* So says Dave Portnoy (@stoolpresidente)
* I blame the media, not Portnoy, on this PT Barnum dujour
David Portnoy likens the stock market to a casino, and suggests the biggest mistake you can make is to stop when you are losing money (1:45 into the video). Interesting, as the casinos always make money for a reason.
The odds are in their favor, and people don't stop. Until they lose it all.
Anyway, premature self congratulation (I wanted to write ejaculation!) once again.
One more amateur mistake.
Memo to @stoopresidente: At least wait until the market is closed for the day to declare
victory.
The bigger question is the financial media, who is parading this guy around -- they should know better.
In fact they do know better. But don't care.
Some are revealing themselves to be what they really are. Not journalists, just promoters.
David Portnoy (@stoopresidente) doesn't know any better, but they do. @tomkeene @SquawkCNBC @cnbcfastmoney @MelissaLeeCNBC @lizclaman @guyadami @joeterranova @riskreversal @threadreaderapp unroll
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More from @DougKass

Dougie Kass Profile picture
10 Sep
@realmoney
Can You Pick Letters Out Of A Bag And Read Them? Then You Can Play The Stock Market
* So says Dave Portnoy (@stoolpresidente)
* I blame the media, not Portnoy, on the PT Barnum dujour
The advice today was particularly interesting. barstoolsports.com/blog/2849087/c….
David Portnoy likens the stock market to a casino, and suggests the biggest mistake you can make is to stop when you are losing money (1:45 into the video). Interesting, as the casinos always make money for a reason. The odds are in their favor, and people don’t stop.
Until they lose it all.
Anyway, premature self congratulation (I wanted to write ejaculation!) once again.
One more amateur mistake.
Memo to @stoopresidente... At least wait until the market is closed for the day to declare victory.
@DougKass
·
Sep 8
Shame on FoxBusiness
Read 6 tweets
Dougie Kass Profile picture
10 Sep
@wesbury And now @realdonaldtrump is selling this BS about Covid about keeping America calm! Brian, Trump's entire campaign is based on fear and panic. Fear that our suburbs will be pillared and destroyed by minorities, that we will have no police force if Dems elected, that we
cant defend our country against enemies. etc.
Holding back facts on Covid , he thought, was a ticket to being reelected. And who the hell does 18 interviews with Woodward before the election?
Does he not know the story of Nixon's demise?
He is too dumb to lead our country. You Brian are defending the indefensible. Take your goggles off. Though a Democrat, I respect and admire the core precepts of the Republican party. This is not the Republican party.
Read 4 tweets
Dougie Kass Profile picture
10 Sep
This is such an example of political dogma from the right, Brian - from someone who will not ever be critical of Trump despite what is right in front of you.
Trump being real about risk of telling Americans the harsh reality of the virus is not being alarming.
You simply can not
equate a journalist holding back a book until right before the election with a President who lied to the public and cost tens of thousands of lives.
@realdonaldtrump was clearly told of the severity of Covid-19 by his medical and security advisors. He ignored it.
Moreover his advisors didn't have the balls to go public and let Trump continue the charade that Covid-19 was swiftly going to go away.
Give me a fucking break Brian. Trump's policy guidance is based on caring more about being President again at all costs vs. saving lives in
Read 6 tweets
Dougie Kass Profile picture
8 Sep
Today's opening missive on @realmoney lengthy so I wanted to repeat my market comments lodged at the end of the column realmoney.thestreet.com/dougs-daily-di… :

"To sum it up, for the last 12 years the global economies have been on life support as central banks have slashed interest rates
and infused massive doses of liquidity into their economies and into the markets.
The consequences of this largesse have been mostly positive but there are negative consequences as well, such as sustaining zombie companies and encouraging speculation come to mind.
Stock prices and multiples are a function of confidence, economic/profit growth rates and interest rates. So, a worldwide economy that cannot naturally deliver organic growth unless fiscal policy is super-expansive and central bankers are uber-active and cannot easily get out
Read 7 tweets
Dougie Kass Profile picture
8 Sep
@carlquintanilla @davidfaber @jimcramer
$TSLA sold their whole shelf Friday.
I would assume they knew they weren’t going into the S&P. If they knew they were going into the S&P, they would have waited for the announcement (and extra demand).
That is material non-public info.
Seems like insider trading to me.
And it seems like an easy one to figure out.
Ask S&P when they told $TSLA.
Pull everyone’s emails – anything going out from S&P to TSLA, anything going around within TSLA, anything going back and forth with TSLA bankers.
Check phone records
between S&P and anyone at TSLA and bankers as well.
This one is easy.
For this to happen, we need a real SEC. But we don’t have one. I wouldn’t be surprised if they all have Robinhood accounts over there, or money at Citadel in the frontrunning fund! @tomkeene
Read 4 tweets
Dougie Kass Profile picture
7 Sep
@realDonaldTrump
Trump has been talking non-stop since 2015 about how he is going to get tough on China and every other nation when it comes to trade agreements and trade deficits.
If Trump was effective (which he is not), then our exports should have increased and/or our
imports should have decreased, thereby causing a large reduction in our annual trade deficits.
Let’s see if he has lived up to his promises on reducing our trade deficits…

U.S. & All Nations: Average Annual Trade Deficit

Trump: $840 bn

Obama: $688 bn

Bush: $662 bn
Clinton: $221 bn

Trump’s average annual trade deficits with all nations have been $152 billion worse than Obama’s despite all of Trumps “tough talk” about getting tough on trade agreements.

U.S. & China: Average Annual Trade Deficit

Trump: $380 bn

Obama: $311 bn
Read 6 tweets

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